Common use of Health Spending Account Clause in Contracts

Health Spending Account. 12.6.1 Effective January of each year, the Board will contribute to the Health Spending Account an annual amount of $800 for each eligible employee covered by this agreement who are on payroll as at the first working day of the year. Eligible employees will be employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCB. An employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: January $733 February 1st February $667 March 1st March $600 April 1st April $533 May 1st May $467 June 1st June $400 July 1st July $333 August 1st August $267 September 1st September $200 October 1st October $133 November 1st November $67 December 1st December $800 January 1st 12.6.2 Contributions to the Health Spending Account will be pro-rated for employees who occupy a position less than one full-time equivalent (1.0 FTE). The pro- rated amount will be determined once annually on the eligibility date defined above, and will not be adjusted due to changes in FTE throughout the year. 12.6.3 The unused balance in an employee’s Health Spending Account will be carried forward to the extent permitted by law. Employees leaving the Board will forfeit any remaining balance.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Health Spending Account. 12.6.1 Effective 20.7.1 On January of each year1, the Board will contribute to the Health Spending Account an annual amount of $800 to a Health Spending Account for each eligible employee full-time employees covered by this agreement who are on payroll as at the first working day of the yearagreement. Eligible employees will be employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCBWCB as of the first working day of the applicable calendar year. An employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: January $733 February 1st February $667 March 1st March $600 April 1st April $533 May 1st May $467 June 1st June $400 July 1st July $333 August 1st August $267 September 1st September $200 October 1st October $133 November 1st November $67 December 1st December $800 January 1st 12.6.2 20.7.2 Contributions to the Health Spending Account will be pro-rated for employees who occupy a position less than one full-time equivalent (1.0 FTE). The pro- pro-rated amount will be determined once annually on the eligibility date defined above, and will not be adjusted due to changes in FTE throughout the year. 12.6.3 20.7.3 The unused balance in an employee’s Health Spending Account will be carried forward to the extent permitted by law. Employees leaving the Board will forfeit any remaining balance.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Health Spending Account. 12.6.1 Effective 20.7.1 On January of each year1, the Board will contribute to the Health Spending Account an annual amount of $800 to a Health Spending Account for each eligible employee full-time continuous employees covered by this agreement who are on payroll as at the first working day of the yearagreement. Eligible employees will be employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCBWCB as of the first working day of the applicable calendar year. An A continuous employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: January $733 February 1st February $667 March 1st March $600 April 1st April $533 May 1st May $467 June 1st June $400 July 1st July $333 August 1st August $267 September 1st September $200 October 1st October $133 November 1st November $67 December 1st December $800 January 1st 12.6.2 20.7.2 Contributions to the Health Spending Account will be pro-rated for employees who occupy a position less than one full-time equivalent (1.0 FTE). The pro- pro-rated amount will be determined once annually on the eligibility date defined above, and will not be adjusted due to changes in FTE throughout the year. 12.6.3 20.7.3 The unused balance in an employee’s Health Spending Account will be carried forward to the extent permitted by law. Employees leaving the Board will forfeit any remaining balance.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Health Spending Account. 12.6.1 20.7.1 Effective January 1 of each year, the Board will contribute to the Health Spending Account an annual amount of $800 750 to a Health Spending Account for each eligible employee full-time employees covered by this agreement who are on payroll as at the first working day of the yearagreement. Eligible employees will be employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCBWCB as of the first working day of the applicable calendar year. An employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: January $733 688 February 1st February $667 625 March 1st March $600 563 April 1st April $533 500 May 1st May $467 438 June 1st June $400 375 July 1st July $333 313 August 1st August $267 250 September 1st September $200 188 October 1st October $133 125 November 1st November $67 63 December 1st December $800 750 January 1st 12.6.2 20.7.2 Contributions to the Health Spending Account will be pro-rated for employees who occupy a position less than one full-time equivalent (1.0 FTE). The pro- pro-rated amount will be determined once annually on the eligibility date defined above, and will not be adjusted due to changes in FTE throughout the year. 12.6.3 20.7.3 The unused balance in an employee’s Health Spending Account will be carried forward to the extent permitted by law. Employees leaving the Board will forfeit any remaining balance.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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